Tapestry (TPR) Q4 Earnings Top Estimates, Gross Margin Expands

Tapestry, Inc. (TPR) reported fourth-quarter fiscal 2024 results that exceeded the Zacks Consensus Estimate for both revenues and earnings despite a challenging consumer environment. However, both metrics witnessed a year-over-year decline. Let's Delve Deeper Tapestry reported adjusted earnings of 92 cents a share for the fourth quarter, which surpassed the Zacks Consensus Estimate of 88 cents but declined from 95 cents delivered in the prior-year period. Net sales reached $1,591.1 million, beating the cons ...